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All commercial banks are strong
BANGKOK: The Bank of Thailand (BoT) has confirmed that all commercial banks in the country are financially strong, Thai News Agency (TNA) reported. In response to an economist’s warning that Thai commercial banks were suffering from economic problems, BoT’s deputy
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Dr M: We were pressured to close Iranian bank accounts
Malaysia faced very strong pressure from certain quarters to close the bank accounts of Iranian individuals and companies in this country, said Prime Minister Tun Dr Mahathir Mohamad. He also claimed that Malaysia was threatened with closure of its banks
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No more cheque, cash payment fees for credit card, financing repayments
KUALA LUMPUR: Banks will now cease charging fees for cheque and cash payments for credit card and financing repayments over the counter and at Cash Deposit Machines (CDMs), said the Association of Banks in Malaysia (ABM). “Currently, certain customer segments
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Malaysian banks’ profit under pressure
Second-quarter bank earnings are projected to be lacklustre owing to slower loan growth and compressed margins following Bank Negara Malaysia’s decision to cut the overnight policy rate (OPR) in May. “Our biggest concern in the upcoming reporting season is, to
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